NVIDIA's earnings report is out! Can it reignite the AI rally?
[With Prizes] AI chip leader NVIDIA releases earnings! Baidu, Nio, and Bilibili up next, quick recap of the week's performance (May 18-22)
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Hello fellow investors~
As we reach mid-May,This week’s market trading focused on expectations surrounding Trump's visit to China and a temporary easing in US-China relations.The wave of AI computing power continues to drive U.S. stock indices $S&P 500 Index (.SPX.US)$$Nasdaq Composite Index (.IXIC.US)$Upward. Hong Kong stocks, on the other hand, are showing a volatile consolidation trend. $Hang Seng TECH Index (800700.HK)$ amidst a flurry of earnings reports from Chinese tech stocks, which pushed the index above 5,200 points at one point during the week, ultimately closing at 4,941.14 points as market activity remained high.
Meanwhile, Fed Chair Powell is stepping down, the situation in the Middle East remains volatile, and concerns over energy supply persist...Amid the complex interplay of macro factors this week, how have individual stocks performed?
In the US stock market,$Oklo Inc (OKLO.US)$Net loss of $33.07 million in Q1 2026, with a per-share loss of $0.19; plans to complete the first commercial operation of the Aurora power plant by 2028.$Cisco (CSCO.US)$Earnings exceeded expectations, and the layoffs allowed resources to be concentrated in strategic areas such as chips, optics, security, and AI applications, driving the stock price to soar to a new high.
As for Chinese concept stocks,$JD.com (JD.US)$First-quarter earnings exceeded expectations, with substantial improvement in the profit structure. JPMorgan believes that the resilience of retail profit margins and the narrowing losses in new businesses have established an upward path for profitability.
$TENCENT (00700.HK)$In the first quarter of 2026, the company delivered results surpassing market expectations, with both revenue and net profit achieving steady growth. Gross margin improved further, indicating the continuous enhancement of the company's overall profitability. AI was the biggest highlight and focus of strategic investment this quarter, with the company continuing to ramp up its AI infrastructure construction.
$Alibaba (BABA.US)$The financial reports show that the investment in full-stack AI technology has officially moved past the initial incubation stage and entered the phase of scaled commercial returns. The external revenue growth of the Cloud Intelligence Group continues to accelerate, with a significant increase in the revenue share of AI-related products, maintaining triple-digit growth for multiple consecutive quarters. The Qwen large model has demonstrated leadership in areas such as reasoning and programming.
The AI sector continues to maintain a high level of prosperity, and internet companies' investments in AI have proven effective, gradually showing some results visible in their earnings reports…And next week, the real main event is coming:AI chip leader$NVIDIA (NVDA.US)$is about to release its earnings report! After breaking through the $5.7 trillion market cap milestone this week, can its first-quarter performance push it toward $6 trillion?
NVIDIA will announce its earnings report on May 20th, Eastern Time.
The market currently has extremely high expectations for this earnings report,Wall Street generally expects another strong earnings beat along with raised guidance.Citi forecasts revenue to reach $80 billion, about $1.4 billion higher than market consensus, mainly due to better-than-expected ramp-up of B300 chip production.
1. Visibility into whether data center revenue can break through the '1 trillion USD' mark
Goldman Sachs specifically pointed out that the most likely driver of stock price in the earnings call is: NVIDIA previously guided at GTC 2026 that cumulative revenue from the Blackwell and Rubin platforms would reach $1 trillion; the market expects management to further raise this forecast.
2. The volume trend of Blackwell/B300 and gross margin movement
Gross margin in the last fiscal Q4 has recovered to 75%; the market expects GAAP gross margin this quarter to remain around 74.9%. However, analysts warn that attention should be paid to whether the gross margin can sustain high levels amid increasing competition, which is key to determining the quality of profitability.
3. Delivery pace of the next-generation Rubin platform
The Vera Rubin platform targets Agentic AI, claiming a 10x reduction in token costs compared to Blackwell. Large-scale deliveries are expected to begin in the second half of 2026, and the market anticipates management providing a clearer timeline and customer feedback.
![[Gift]This article is suitable for commenting & liking.[Heart]Participate in our earnings event and win points! Hello fellow investors~[Comfort] As we reach mid-May,This week’s market trading focused on expectations surrounding Trump's visit to China and a temporary easing in US-China relations.The wave of AI computing power continues to drive U.S. stock indices $S&P 500 Index (.SPX.US)$$Nasdaq Composite Index (.IXIC.US)$Upward. Hong Kong stocks, on the other hand, are showing a volatile consolidation trend. $Hang Seng TECH Index (800700.HK)$ amidst a flurry of earnings reports from Chinese tech stocks, which pushed the index above 5,200 points at one point during the week, ultimately closing at 4,941.14 points as market activity remained high. Meanwhile, Fed Chair Powell is stepping down, the situation in the Middle East remains volatile, and concerns over energy supply persist...Amid the complex interplay of macro factors this week, how have individual stocks performed? In the US stock market,$Oklo Inc (OKLO.US)$Net loss of $33.07 million in Q1 2026, with a per-share loss of $0.19; plans to complete the first commercial operation of the Aurora power plant by 2028.$Cisco (CSCO.US)$Earnings exceeded expectations, and layoffs allowed resources to be concentrated in strategic areas such as chips, optics, security, and AI applications, driving the stock price to soar to new highs. As for Chinese concept stocks,$JD.com (JD.US)$First-quarter earnings exceeded expectations, with substantial improvement in profitability structure. JPMorgan noted that retail profit margins...](https://nnqimage.futunn.com/sns_client_feed/999982/20260515/web-1778829244107-nzVoEEIKUf.jpeg/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Meanwhile, the earnings season for Chinese concept stocks continues, with Baidu, Bilibili, Nio, Beike, and GDS Holdings set to report their results successively.In the US stock market, leaders in various segments such as Intuit, Walmart, and Home Depot each have their own stories.With the earnings season still in full swing, who will ignite the next wave of momentum?
May 18$Baidu (BIDU.US)$Baidu's AI Developer Conference (May 13-14) has just concluded, and the market will now assess whether the 'chip-cloud-model-entity' full-stack products announced at the conference can translate into orders and incremental revenue, with particular attention on the efficiency of AI monetization.
May 19th$Bilibili (BILI.US)$Earnings report to be released on May 19. Following its first full-year GAAP profitability in 2025, the market will focus on whether Q1 can sustain profitability and whether overseas monetization can become a new growth driver.
May 21$NIO Inc (NIO.US)$Earnings report to be released on May 21. The market will examine the sustainability of profitability after the first profitable quarter, the contribution from new models, guidance for Q2 to maintain strong growth, and order updates for new models ES9 and L80.
📞 [Earnings Live Preview]
📺 Exclusive presentation in the Futubull community:NVIDIA Earnings Callwill be broadcast live simultaneously in the Futubull community with real-time interpretation. Fellow investors are welcome to make reservations to watch! 👇👇
A lineup of star stocks is set to release their results! How can you not miss the excitement?Click to learn more about corporate earnings announcement schedules:More earnings calendar
Click to learn more about corporate earnings announcement schedules:More earnings calendar[Interactive Giveaway]What do fellow investors think about how the companies releasing earnings next week will perform? Join the prediction and win 66 points!
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Earnings season is upon us, have you made your moves?Feel free to share your thoughts in the comments section!‘Earnings Express’ - AI insights into key points; build an options strategy in three steps!![[Gift]This article is suitable for commenting & liking.[Heart]Participate in our earnings event and win points! Hello fellow investors~[Comfort] As we reach mid-May,This week’s market trading focused on expectations surrounding Trump's visit to China and a temporary easing in US-China relations.The wave of AI computing power continues to drive U.S. stock indices $S&P 500 Index (.SPX.US)$$Nasdaq Composite Index (.IXIC.US)$Upward. Hong Kong stocks, on the other hand, are showing a volatile consolidation trend. $Hang Seng TECH Index (800700.HK)$ amidst a flurry of earnings reports from Chinese tech stocks, which pushed the index above 5,200 points at one point during the week, ultimately closing at 4,941.14 points as market activity remained high. Meanwhile, Fed Chair Powell is stepping down, the situation in the Middle East remains volatile, and concerns over energy supply persist...Amid the complex interplay of macro factors this week, how have individual stocks performed? In the US stock market,$Oklo Inc (OKLO.US)$Net loss of $33.07 million in Q1 2026, with a per-share loss of $0.19; plans to complete the first commercial operation of the Aurora power plant by 2028.$Cisco (CSCO.US)$Earnings exceeded expectations, and layoffs allowed resources to be concentrated in strategic areas such as chips, optics, security, and AI applications, driving the stock price to soar to new highs. As for Chinese concept stocks,$JD.com (JD.US)$First-quarter earnings exceeded expectations, with substantial improvement in profitability structure. JPMorgan noted that retail profit margins...](https://nnqimage.futunn.com/sns_client_feed/999982/20260515/web-1778830105605-38eA2O0Igz.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Futubull AI Instant answers to resolve doubts, smart stock selection to lock in potential uptrends, portfolio analysis to seize opportunities and avoid risks!![[Gift]This article is suitable for commenting & liking.[Heart]Participate in our earnings event and win points! Hello fellow investors~[Comfort] As we reach mid-May,This week’s market trading focused on expectations surrounding Trump's visit to China and a temporary easing in US-China relations.The wave of AI computing power continues to drive U.S. stock indices $S&P 500 Index (.SPX.US)$$Nasdaq Composite Index (.IXIC.US)$Upward. Hong Kong stocks, on the other hand, are showing a volatile consolidation trend. $Hang Seng TECH Index (800700.HK)$ amidst a flurry of earnings reports from Chinese tech stocks, which pushed the index above 5,200 points at one point during the week, ultimately closing at 4,941.14 points as market activity remained high. Meanwhile, Fed Chair Powell is stepping down, the situation in the Middle East remains volatile, and concerns over energy supply persist...Amid the complex interplay of macro factors this week, how have individual stocks performed? In the US stock market,$Oklo Inc (OKLO.US)$Net loss of $33.07 million in Q1 2026, with a per-share loss of $0.19; plans to complete the first commercial operation of the Aurora power plant by 2028.$Cisco (CSCO.US)$Earnings exceeded expectations, and layoffs allowed resources to be concentrated in strategic areas such as chips, optics, security, and AI applications, driving the stock price to soar to new highs. As for Chinese concept stocks,$JD.com (JD.US)$First-quarter earnings exceeded expectations, with substantial improvement in profitability structure. JPMorgan noted that retail profit margins...](https://nnqimage.futunn.com/sns_client_feed/999982/20260515/web-1778830105474-SaFDi6mBq5.webp/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
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